Mr Draghi gave a brutally honest account of central bank failings before the Lehman crisis,
admitting that the orthodoxies of the day bore little relation to reality on the ground.
There was too much trust in the dogma of “rational expectations” and a chronic neglect of how capital markets really work.
Ambrose Evans-Pritchard, Telegraph 23 August 2017
There was too much trust in the dogma of “rational expectations” and a chronic neglect of how capital markets really work.
Ambrose Evans-Pritchard, Telegraph 23 August 2017
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